Scorpio Tankers Deeply Undervalued With A Recovery On The HorizonJacob Wolinsky
Scorpio Tankers (STNG) provides seaborne transportation of refined petroleum products worldwide through its fleet of 135 wholly-owned, chartered-in tankers.
The firm's primary competitive advantage is that it owns the world's most extensive product tanker fleet. The fleet is also one of the youngest around, with an average age of 5.2 years.
The group operates its vessels in commercial pools, which essentially means vying for contracts with customers against other fleet operators. This method has its benefits and drawbacks. For example, its young fleet provides an advantage, and the company can match outward and . . .
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